Palo Alto Networks · week 17 in management
Palo Alto Networks slips 6.4%, snapping its three-week winning streak
Palo Alto Networks · week 17 in management
Our view last week
Palo Alto Networks is in week 16 of a buy signal whose model coverage is now complete: the residual capital, the full 100% of the position, is running at +108.40% since entry. The stop has followed the rally and now protects the gain in a trailing stop on the Inversion Point. On the technical side this week accelerated sharply, but price action flags two points to watch.
This week's summary
Last week Palo Alto Networks accelerated hard but flagged two points to watch: this week those flags played out. The stock gave back 6.4%, with sellers taking control of the tape (79% of volume) after three straight weeks of gains. RSI stays elevated, above 70, and the underlying trend holds — the ADX keeps climbing. The trade, under management since week 17, is running at a profit of more than 95% since entry.
IQS Phase
68
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#42 / 129
US stocks in progress
Trade P&L %
+95.14%
from signal to today
restricted Platinum content